Retirement: what pension with 188 quarters contributed?

Do you know how much you will get when you retire? If you have the legal retirement age, that is to say 62 years old before any reform, and the number of quarters required to claim the full rate, you could benefit from a full pension. The latter, it must be remembered, differs significantly from a pension at the full rate, obtained automatically when leaving at age 67. That being said, it is also important to specify that the number of terms requested depends on the year of birth. For French women and men born in 1960, who can therefore claim a cessation of activity this year, it amounts to 167. Anyone who cannot display them will be subject to a reduction. This discount, which applies to the final pension, is also final.

Moreover, the formula for calculating the amount of the pension also depends on other factors, as Planet has explained many times in the past. The French administration, on the public service website, presents it as follows: “Average annual income x Pension rate x (Duration of insurance of the employee under the general scheme limited to the maximum duration of insurance according to the year of birth / Duration of insurance to obtain a full pension)”.

That being said, some workers are not confronted with the problem of the discount: they are confronted, on the contrary, with the subject of the premium. This is what happens when you have worked more than necessary.

To retire with 188 quarters, when one was born in 1960 or before, is to leave with 21 more quarters than expected. Provided that these have all been assessed (and not assimilated, as these do not entitle the employee to an increase), a considerable premium awaits the worker in question. It is limited to a maximum of four additional quarters per year, with an increase of 1.25% per quarter, after the required contribution period. Or, in theory, 26.25% more. Without taking into account, in any case, the safeguards previously mentioned…